December Live Cattle The December Live Cattle market drifted lower in early week action to finish off 1.975 at 125.325. The three candle daily structure displays an evening star pattern with bearish implications. I currently believe that the run from the inner lows of 112.900 represents an extended 5th. This sequence should unfold in five wave. The evidence …
Todays action, Pre USDA thurs.
Good Afternoon, As we near this week’s USDA here is a look early in the week. Back month beans look much more constructive than the Nov contract as we await the end of harvest. I like wheat last week and now we are putting in the head and shoulder bottom, see 447 7/8th’s trendline. Wheat also enclosed looks …
US Winter Weather Preview from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 9th. REGISTER NOW. If you cannot attend live, a …
US and South America Grain Weather Issues as of November 3rd from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 9th. REGISTER NOW. If you cannot attend live, a …
Weekly Gold Report
Gold and silver reversed course to end the week and the reasons why were elementary in my view. Stock indices were trading at all time highs across the board while the Dollar index futures contract looks like it could potentially be headed for a breakout to the upside. Both markets usually run inverse of gold and silver and the unrelenting …
Holy Cow: December Live Cattle
December Live Cattle The December Live Cattle market finished the session strongly as it rose to settle just off the weeks highs at 127.300. The 126.500-127.500 level was targeted in earlier reports. Longer term speed line resistance and the Fibonacci extension level convergence zone comes in overhead at 131-133. I had suspected a measurable subset correction was due …
Major Mkts- Conditions, Olive set, let’s go.
Dec Cattle- this am we had an OLS play right up at limit. If you were a pit trader and came in flat this would have been a sell at limit early and put in a buy stop back at limit up. This is a spec algo trade and we could break hard today like yesterday. Someone blew out big …
South America and Australia Grain Weather Update from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 2nd. REGISTER NOW. If you cannot attend live, a …
Livestock Report
Live Cattle The December Live Cattle contract rallied on Wednesday, November 1, 2017. It rallied past resistance at 125.55, trading up just shy of the 127.15 resistance level, making the high at 126.875. It ended the session at 126.675. There is pretty good resistance from 127.15 to 128.30. Price could stall in this area and come back and test support …
Moonshine: December Live Cattle
December Live Cattle The December Live Cattle market staggered ahead to a modestly higher close today. Prices have risen slightly above targeted daily and hourly geometric lines between 126-127. These have been previously discussed. Currently the the momentum indicators are showing no signs of divergence. Structural evidence would suggest another wave higher which will unfold from a subset …